Insurance Company Digit Becomes India’s First Unicorn Of 2021, Now Valued At $1.9 Billion
2020 had been a record year for India’s startup ecosytem, generating 11 unicorn companies. Non-health insurance company Digit has become India’s latest unicorn after a new funding round. The round values Digit at $1.9 billion, putting it comfortably into unicorn territory. Digit runs a platform on which it allows users to buy health insurance, car and bike insurance, fire insurance, burglary insurance, and other products. “We’re simplifying insurance products so that even a 15-year-old can comprehend them,” it says on its website, adding that it does so by changing how insurance products are viewed, purchased, and claimed.